Solana-Based Lending App Solend Gets Hacked for $1.26 Million in ‘Oracle Attack’

The Solana-centric lending application Solend lost $1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend says it has given crypto exchanges the exploiter’s address. Solana Defi Application Solend Loses $1.26 Million in Oracle Exploit The crypto community has seen two significant …

Biggest Movers:  LTC Hits 6-Week High, as LEO Rises for the Ninth Straight Day

Litecoin rose to its highest level in over six weeks on Wednesday, as the token moved past a key price ceiling. Today’s move comes despite cryptocurrency markets mostly trading lower, ahead of the Federal Open Market Committee (FOMC) meeting. Unus sed leo (LEO) was also higher, climbing for a ninth consecutive session. Litecoin (LTC) Litecoin …

Bitcoin Options Giant Deribit Loses $28 Million in Hot Wallet Hack

The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million — Company Says Customer Funds Are …

Bitcoin, Ethereum Technical Analysis: ETH Drops to 5-Day Low, as Fed Likely to Delay Policy Pivot

Ethereum dropped to its lowest level since last Friday during today’s session, as consolidation in crypto markets continued on Wednesday. This comes ahead of this afternoon’s U.S. Federal Reserve interest rate decision. Bitcoin was also in the red, and remains below $20,800. Bitcoin Bitcoin (BTC) continued to trade below $20,800 on Wednesday, as market uncertainty …

Breakouts Underway for Ethereum, Cardano and Dogecoin, Says Top Analyst – Here Are His Price Targets

A popular crypto strategist says a trio of altcoins are in the process of taking out key resistance levels on the weekly or monthly time frame. Pseudonymous analyst Rekt tells his 329,100 Twitter followers that Ethereum (ETH) has managed to breach the diagonal resistance that has kept bulls at bay since ETH rallied above $2,000 …

We need to move a lot faster on Global South Bitcoin adoption — Paxful CEO

Cointelegraph hit the gym with Ray Youssef, co-founder and CEO of Paxful, to tackle Bitcoin adoption in the Global South. In between sets and a little out of breath, Youssef told Cointelegraph, “The Global South is where we should be looking” for Bitcoin (BTC) adoption. [embedded content] A New Yorker born in Egypt, Youssef regularly …

McDonald’s, pizza and coffee paid in Bitcoin: The Plan B for crypto payments

Over the weekend, thousands of Bitcoiners and crypto enthusiasts descended on the small, sleepy Swiss town of Lugano. More specifically, they piled onto a McDonald’s restaurant. Perched on Lake Lugano, McDonald’s Lugano received countless visits from Bitcoiners keen to trade satoshis (the smallest denomination of Bitcoin) for Big Macs, McFlurrys and coffee. But why were …

Union Bank of the Philippines launches Bitcoin and Ethereum trading

The Union Bank of the Philippines, or simply UnionBank — one of the largest universal banks in the Philippines — has launched a pilot program for Bitcoin (BTC) and Ether (ETH) custody and trading services for select retail customers, the firm said in a joint announcement on Nov. 2. The new investment and trading feature …

‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe

The global decentralized finance market size was valued at $11.78 billion in 2021. This number is expected to increase as DeFi advances, yet it is still in its infancy. Therefore, a number of banks and traditional financial institutions are still unaware of its potential.  While this may be, industry experts within the crypto sector predict that …

Wrapped Dogecoin (wDOGE) Coming Soon via Crypto Custodian BitGo: CoinDesk Report

Summary: Dogecoin users will be able to deploy their tokens throughout the Ethereum ecosystem thanks to a move by BitGo. The crypto custody provider unveiled a partnership to roll out wrapped DOGE tokens, CoinDesk reported on Wednesday. BitGo struck a deal with wDogeDAO to make the wrapped tokens possible. Wednesday’s announcement comes after the meme …

‘Shock and Awe’ Coming to Bitcoin and Crypto Markets As Macro Conditions Worsen: Analyst Nicholas Merten

Crypto analyst Nicholas Merten says the crypto bear market is not over and macroeconomic forces will likely drive prices lower. In a new video update, Merten tells his 513,000 YouTube subscribers that he expects the US Federal Reserve will not let up on its hawkish stance in the short term, driving risk assets like crypto …

$2,500,000,000 Bitcoin Outflows Attributed to ‘Largest BTC Purchase in Binance History’

Bitcoin (BTC) appears to be flying off the shelves at one of the largest crypto exchanges in the world. About $2.5 billion worth of BTC exited top crypto exchange Binance between October 29th and 30th, according to data from the crypto analytics firm Glassnode. Exchange withdrawals potentially point to accumulation. In a new video, the …

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